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    Property profile & analytics
    OFF-MARKET Estimated value $615,000
    Retail space

    6511 Central Ave, Toledo, OH 43617-1442

    10,304 SF 2.12 ac lot Built 1986
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US66-2313079
    Property summary
    AI-generated overview

    This exceptional 10,512 square foot multi-use property, located at 6511 Central Avenue in Toledo, Ohio (zip code 43617), presents a unique investment opportunity. Classified as special purpose, the building currently offers a mix of retail, office, and restaurant space under multiple tenancies. One space, measuring 1,000 square feet, is immediately available. The property enjoys a prime location on Central Avenue, offering excellent visibility and accessibility, with convenient access to I-475. This high-traffic area boasts a strong concentration of established businesses, including prominent national chains such as Buffalo Wild Wings, Meijer, Bob Evans, Walmart, and Taylor Hyundai, ensuring high foot traffic and potential customer base. Situated in Lucas County, Ohio, this property is well-positioned to benefit from the area's economic growth and robust retail environment. The building's versatile layout makes it suitable for a variety of uses, providing flexibility for potential tenants and investors. This is an excellent chance to acquire a well-located commercial property in a thriving Toledo neighborhood. Detailed financial information and lease terms are available upon request.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1986
    Total area 10,304 SF
    Lot 2.12 ac (92,347 SF)
    Zoning code 20-MX
    APN 78-58967
    UPID US66-2313079
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cake in a Cup Bakery Specialty Food Shop
    • Amethyst Hair & Beauty by Maddie Hair Salon
    • David Broadway Salon Tanning Salon
    • Studio V Salon and Spa Hair Salon Nail Salon
    • Kempo Martial Arts and Fitness Center Training Center Sports School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $725k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $416k
    Blend (final) Blend
    $615k
    Owner & transaction history
    Gio Properties LLC · 6 yrs held
    Gio Properties LLC
    since 2020
    Last sale
    $605,000
    7 recorded transactions
    2025
    2020
    $605,000
    2011
    $750,000
    2009
    2004
    1969
    1969
    Zoning & alternative use
    20-MX · Toledo, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $765,000 +14.1%
    Auto repair, garage $745,000 +11.1%
    Neighborhood: shopping center $725,000 +8.6%
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